Sumitomo Mitsui Trust Holdings Inc. decreased its stake in shares of Boston Properties, Inc. (NYSE:BXP) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 528,085 shares of the real estate investment trust’s stock after selling 8,231 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.34% of Boston Properties worth $64,891,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Swiss National Bank increased its position in Boston Properties by 0.8% in the third quarter. Swiss National Bank now owns 667,935 shares of the real estate investment trust’s stock worth $82,076,000 after buying an additional 5,300 shares during the last quarter. BT Investment Management Ltd bought a new stake in Boston Properties during the second quarter worth about $8,518,000. AXA lifted its stake in shares of Boston Properties by 22.9% in the 2nd quarter. AXA now owns 161,393 shares of the real estate investment trust’s stock valued at $19,855,000 after acquiring an additional 30,104 shares during the last quarter. Eii Capital Management Inc. lifted its stake in shares of Boston Properties by 59.7% in the 2nd quarter. Eii Capital Management Inc. now owns 31,000 shares of the real estate investment trust’s stock valued at $3,814,000 after acquiring an additional 11,590 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in Boston Properties by 5.4% during the 2nd quarter. Teachers Advisors LLC now owns 1,251,924 shares of the real estate investment trust’s stock valued at $154,012,000 after purchasing an additional 64,326 shares during the period. Institutional investors and hedge funds own 95.58% of the company’s stock.
In related news, insider Bryan J. Koop sold 5,868 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $124.55, for a total transaction of $730,859.40. Following the completion of the sale, the insider now owns 585 shares of the company’s stock, valued at approximately $72,861.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.86% of the stock is owned by insiders.
Several equities analysts recently issued reports on the company. KeyCorp reaffirmed a “hold” rating on shares of Boston Properties in a research report on Friday, September 1st. SunTrust Banks reiterated a “hold” rating and issued a $130.00 price target on shares of Boston Properties in a research note on Monday, October 9th. Jefferies Group reiterated a “hold” rating and issued a $124.00 price target on shares of Boston Properties in a research note on Tuesday, October 24th. Mizuho restated a “hold” rating and set a $122.00 price objective on shares of Boston Properties in a research report on Friday, November 3rd. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $133.00 price target (up previously from $127.00) on shares of Boston Properties in a report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $133.73.
Boston Properties, Inc. (NYSE BXP) traded up $0.71 during midday trading on Monday, reaching $127.84. 1,802,745 shares of the company were exchanged, compared to its average volume of 677,564. The firm has a market capitalization of $19,618.99, a P/E ratio of 20.31, a PEG ratio of 3.64 and a beta of 0.63. Boston Properties, Inc. has a 52 week low of $116.77 and a 52 week high of $140.13. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.92.
Boston Properties (NYSE:BXP) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. The business had revenue of $657.70 million during the quarter, compared to the consensus estimate of $649.84 million. Boston Properties had a net margin of 19.42% and a return on equity of 6.43%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 earnings per share. equities analysts predict that Boston Properties, Inc. will post 6.25 earnings per share for the current year.
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Boston Properties Profile
Boston Properties, Inc is a real estate investment trust. The Company is an owner and developer of office properties in the United States. Its segments by geographic area are Boston, New York, San Francisco and Washington, DC. Its segments by property type include Office, Residential and Hotel. As of December 31, 2016, the Company owned or had interests in 174 commercial real estate properties, aggregating approximately 47.7 million net rentable square feet of primarily Class A office properties, including eight properties under construction/redevelopment totaling approximately 4.0 million net rentable square feet.
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